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Posts from ‘March, 2010’

ConocoPhillips, Shell to expand Alaska drilling

REUTERS

* Exploration can proceed after U.S. drilling expansion

* Shell’s Odum says company can begin exploring in 2010

* Shell spent $2.1 billion for Chukchi Sea leases in 2008

* ConocoPhillips spent $506 million on leases

By Kristen Hays

HOUSTON, March 31 (Reuters) – Oil companies with their sights on drilling for oil off Alaska on Wednesday said President Barack Obama’s offshore oil announcement allows them to press ahead with big projects there.

Two companies — Royal Dutch Shell (RDSa.L) and ConocoPhillips (COP.N) — have spent large sums to secure drilling rights in the remote Chukchi Sea, only to see their plans put on hold by court challenges.

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Shell employees on go-slow over market exit report

Motorists queue at Shell station to get petrol. Photo/CHRIS OJOW

By ZEDDY SAMBU
Posted Thursday, April 1 2010 at 00:00

Kenya Shell employees on Thursday started a two-day go slow, protesting against lack of formal communication on reports that the firm was leaving the Kenyan market.

The employees, who donned black and red outfits, prompted the firm’s executives to hold an emergency meeting to try and calm the nerves of the restless staff.

Players in the oil market reckon that OiLibya is the front runner to snap up the assets at an estimated price of $2 billion (about Sh152 billion) for Shell’s African operations.

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$3.3 million penalty imposed on Shell for Clean Air Act violations

Los Angeles Times: Shell refineries reach Clean Air Act settlements

By Associated Press

March 31, 2010 | 12:02 p.m

ST. ROSE, La. (AP) — Two Shell chemical companies have agreed to install $6 million in pollution reduction equipment at two petroleum refineries in Louisiana and Alabama and upgrade a terminal in Puerto Rico as part of a Clean Air Act settlement with the federal government.

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Shell starts up its new Perdido Gulf of Mexico oil and gas platform

REUTERS

HOUSTON, March 31 (Reuters) – Royal Dutch Shell (RDSa.L) on Wednesday started up its new Perdido oil and gas platform in the Gulf of Mexico, the world’s deepest offshore drilling and production facility.

Royal Dutch Shell (RDSa.L) Perdido, 100,000 barrels of oil per day, 200 million cubic feet per day of gas, the first producing platform in the Lower Tertiary, a frontier area in the deepest waters of the Gulf and furthest from shore; Mars, 160,000 barrels of oil per day, 121 million cubic feet of gas.

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Shell still hopes to drill this year

AlaskaDispatch

Rena Delbridge

Mar 31, 2010

Royal Dutch Shell, which has spent several billion dollars trying to advance its offshore oil program off Alaska’s northern coast, heralded a decision by President Obama to allow exploration and drilling to continue.

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The decision takes Bristol Bay leases off the table and may not lead to additional Arctic leases. But the decision does allow development of existing leases, including Shell’s in the Beaufort and Chukchi seas.

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Shell To Pay $9.5 Million In Settling Clean Air Act Allegations

DOW JONES NEWSWIRES

Royal Dutch Shell PLC (RDSA, RDSA.LN) has agreed to pay $3.5 million in penalties and spend an estimated $6 million to install pollution-reduction equipments at three U.S. refineries to reduce harmful air emissions.

The equipment is intended to cut output of sulfur dioxide and nitrogen oxides by more than 1,450 tons a year at the facilities in Louisiana, Alabama and Puerto Rico.

Assistant Attorney General Ignacia Moreno said the settlement is an example of businesses’ effort to comply with government environmental regulations. “We will continue to work with industry to achieve compliance under the Clean Air Act to remove harmful pollution from the air we breathe,” she added.

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Shell, Total Chase ‘Impossible’ Sales in Race to Curb Refining

BusinessWeek Logo

By Brian Swint and Brett Foley

March 31 (Bloomberg) — Oil companies may struggle to unload their excess refining capacity in Europe this year as profits from turning crude into fuel stay depressed.

Total SA, Royal Dutch Shell Plc and Chevron Corp. are seeking to sell refineries in Europe after the recession reduced demand. Eni SpA Chief Executive Officer Paolo Scaroni said this month it’s “impossible” to find buyers after refining profit margins slumped to a 15-year low in December.

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Royal Dutch Shell head spinning mismanagement

Peoples heads have been spinning so much from changes in the past 15 years they don’t even know what their job scope is anymore!

Series of Shell Blog postings by “Uncle Tom” on Mar 30th, 2010

Shell Management . . . . . .

In years past Shell looked at the long “cycles” in the business. Staying diversified meant when one part of the business wasn’t doing well, the other side of the business was. Being diversified kept the Company afloat.

Today’s Management Philosophy is a short term 1 to 2 year focus period, if results are not achieved in that short span of time, make changes quickly and expect better results. Change, change, change, change.

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Essar to Decide on Shell Assets by June

THE WALL STREET JOURNAL

MARCH 30, 2010

By AMOL SHARMA

MUMBAI—Indian conglomerate Essar Group will decide by June whether to move forward with the purchase of three European oil refineries from Royal Dutch Shell PLC as part of its global expansion plans, the company’s chief executive said.

The companies extended their exclusive talks in November without specifying a time frame. Essar Group CEO Prashant Ruia said the company is studying whether the deal makes sense now, given the low refining margins globally in the oil business.

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A case of good oil, but bad blood

Shell’s reputation was besmirched by the conduct of its New Zealand executives, whose court testimony Justice Wild rejected as unreliable.

Stuff.co.nz Last updated 09:32 26/03/2010 By NICK SMITH

OPINION: Shell’s standing as a good New Zealand corporate citizen is on the line.

It will be at least  three weeks before Todd Energy’s fascinating $274 million lawsuit against oil multinational Shell finishes at the High Court in Wellington.

Justice Robert Dobson, assisted by economist lay member Professor Martin Richardson, is then likely to reserve his decision on the exemplary damages claim, relating to efforts by Shell and Austrian partner OMV to limit production at the Pohokura gasfield.

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Greenpeace set to grill Royal Dutch Shell

28 March 2010 – Issue : 879

The Anglo-Dutch oil major Royal Dutch Shell Plc look set to be grilled again by environmental group Greenpeace.

The latest action by Greenpeace would focus on their exploitation of Canadian oil sands, according to local media reports.

Greenpeace reportedly plans to launch more short-term actions to disrupt production in the Canadian oil sands over frustration with government handling of the industry.

Last year, Greenpeace actions temporarily disrupted crude production at Suncor Energy Inc’s Alberta oil sands operation and production at two of Royal Dutch Shell’s facilities in the western Canadian province.

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Royal Dutch Shell Wikipedia Machinations

Shell is obsessed with our online activities, not only in relation to our website, but also my role as a Wikipedian originating and editing articles relating to Shell.

I have noticed a suspicious correlation between Shell’s internal fretting about how to edit my Wikipedia contributions without being caught and editing undertaken during the same time period by Shell partisan contributors hiding behind pseudonyms

Article by John Donovan

As prominent critics of Royal Dutch Shell, it is invaluable for us to know what the company is saying, thinking and plotting about us.

The inside information comes mainly from Shell itself, which is obliged under the UK Data Protection Act to supply us on request with Shell documents and communications in which our names are mentioned.

As a result, despite redaction of some information by Shell lawyers, we have a wealth of evidence, confirming that contrary to the impression it would like to project, Shell is obsessed with our online activities, not only in relation to our website, but also my role as a Wikipedian originating and editing articles relating to Shell.

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